Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of segment information

	For the Three Months Ended June 30, 2023
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	404,327	$	—	$	—	$	404,327
Rental income	—		99,452		—		99,452
Total revenues	404,327		99,452		—		503,779
Expenses:
Hotel operating expenses	309,100		—		—		309,100
Other operating expenses	—		5,202		(830)		4,372
Depreciation and amortization	53,449		41,122		—		94,571
General and administrative	—		—		12,420		12,420
Transaction related costs	473		415		43		931
Loss on asset impairment, net	—		9,005		—		9,005
Total expenses	363,022		55,744		11,633		430,399
Gain (loss) on sale of real estate, net	20		(82)		—		(62)
Loss on equity securities, net	—		—		(593)		(593)
Interest income	21		23		3,424		3,468
Interest expense	—		(11,435)		(71,068)		(82,503)
Loss on early extinguishment of debt	—		—		(238)		(238)
Income (loss) before income taxes and equity in earnings of an investee	41,346		32,214		(80,108)		(6,548)
Income tax expense	—		—		(5,247)		(5,247)
Equity in earnings of an investee	—		—		517		517
Net income (loss)	$	41,346	$	32,214	$	(84,838)	$	(11,278)
	For the Six Months Ended June 30, 2023
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	739,123	$	—	$	—	$	739,123
Rental income	—		193,865		—		193,865
Total revenues	739,123		193,865		—		932,988
Expenses:
Hotel operating expenses	608,666		—		—		608,666
Other operating expenses	—		8,277		—		8,277
Depreciation and amortization	106,834		87,776		—		194,610
General and administrative	—		—		23,331		23,331
Transaction related costs	473		415		930		1,818
Loss on asset impairment, net	—		9,005		—		9,005
Total expenses	715,973		105,473		24,261		845,707
Gain (loss) on sale of real estate, net	41,918		(82)		—		41,836
Gain on equity securities, net	—		—		48,837		48,837
Interest income	51		25		6,178		6,254
Interest expense	—		(17,757)		(146,326)		(164,083)
Loss on early extinguishment of debt	—		—		(282)		(282)
Income (loss) before income taxes and equity in earnings of an investee	65,119		70,578		(115,854)		19,843
Income tax expense	—		—		(1,467)		(1,467)
Equity in losses of an investee	—		—		(3,704)		(3,704)
Net income (loss)	$	65,119	$	70,578	$	(121,025)	$	14,672
	As of June 30, 2023
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	3,908,462	$	3,159,276	$	581,913	$	7,649,651

	For the Three Months Ended June 30, 2022
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	418,984	$	—	$	—	$	418,984
Rental income	—		96,793		—		96,793
Total revenues	418,984		96,793		—		515,777
Expenses:
Hotel operating expenses	325,194		—		—		325,194
Other operating expenses	—		3,179		—		3,179
Depreciation and amortization	55,878		44,642		—		100,520
General and administrative	—		—		12,665		12,665
Transaction related costs	—		—		743		743
Loss on asset impairment, net	3,047		1		—		3,048
Total expenses	384,119		47,822		13,408		445,349
Gain (loss) on sale of real estate, net	39,878		(1,027)		—		38,851
Loss on equity securities, net	—		—		(10,059)		(10,059)
Interest income	—		—		1,021		1,021
Interest expense	—		—		(89,820)		(89,820)
Loss on early extinguishment of debt	—		—		(791)		(791)
Income (loss) before income taxes and equity in earnings of an investee	74,743		47,944		(113,057)		9,630
Income tax expense	—		—		(473)		(473)
Equity in earnings of an investee	—		—		2,193		2,193
Net income (loss)	$	74,743	$	47,944	$	(111,337)	$	11,350
	For the Six Months Ended June 30, 2022
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	716,390	$	—	$	—	$	716,390
Rental income	—		193,151		—		193,151
Total revenues	716,390		193,151		—		909,541
Expenses:
Hotel operating expenses	615,537		—		—		615,537
Other operating expenses	—		5,650		—		5,650
Depreciation and amortization	112,040		92,593		—		204,633
General and administrative	—		—		24,452		24,452
Transaction related costs	—		—		1,920		1,920
Loss (gain) on asset impairment, net	8,615		(67)		—		8,548
Total expenses	736,192		98,176		26,372		860,740
Gain (loss) on sale of real estate, net	44,868		(469)		—		44,399
Loss on equity securities, net	—		—		(20,319)		(20,319)
Interest income	—		—		1,294		1,294
Interest expense	—		—		(182,164)		(182,164)
Loss on early extinguishment of debt	—		—		(791)		(791)
Income (loss) before income taxes and equity in earnings of an investee	25,066		94,506		(228,352)		(108,780)
Income tax expense	—		—		(1,168)		(1,168)
Equity in earnings of an investee	—		—		1,476		1,476
Net income (loss)	$	25,066	$	94,506	$	(228,044)	$	(108,472)
	As of December 31, 2022
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	3,882,701	$	3,376,295	$	229,195	$	7,488,191